Thomson Reuters Launches Russian Sanctions Tracking Service
(Thomson Reuters ONE) -
New service to help financial institutions and their investment and trading
intermediaries comply with OFAC & EU Sectoral Sanctions
NEW YORK/LONDON, May 18, 2015 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, today announced the
launch of its Russian Sanctions Tracking Service. In July 2014, the European
Union (EU) and the Office of Foreign Assets Control (OFAC) issued a number of
executive orders and sectoral sanctions against Russia in retaliation for the
Russian government's annexation of Crimea and its activities to destabilize
Ukraine. The result of these sanctions has imposed an additional burden on
investment and trade compliance as financial institutions and infrastructure
providers must ensure they do not trade or settle new debt or equity issued by
sanctioned entities.
Thomson Reuters Russian Sanctions Tracking Service provides financial
institutions and their investment and trading intermediaries with the required
information on sanctioned entities, their subsidiary relationships, and all
instruments that are specifically impacted by the sanctions. The service also
includes daily updates to track any corporate actions related to sanctioned
entities and new issuance of debt and equity that are restricted as a result of
the sanctions.
Furthermore, Thomson Reuters Russian Sanctions Tracking Service leverages
existing content and legal entity data to track Russian subsidiaries and any new
instruments issued by these entities. The service is delivered via Thomson
Reuters DataScope Select, the strategic platform for non-streaming content, and
benefits from its support infrastructure, regular updates of its entity and
instrument sanctions list as well as proactive alerts for any new issues.
"Our new Russian Sanctions Tracking Service is an excellent addition to our
existing Russian Sanctions screening solution available through World-Check,"
said Phil Cotter, managing director, head of Risk, Thomson Reuters. "It also
shows how Thomson Reuters continues to deliver on its promise to combine assets
across the firm in building the products and services customers need to meet
their growing global regulatory requirements."
"Tracking sanctioned instruments represents a massive 'connect the dots'
challenge to identify the complex subsidiary relationships of Russian entities,"
said Tim Lind, head of Regulatory Services, Thomson Reuters. "Thomson Reuters is
a leading supplier of corporate hierarchies and securities reference data so we
already have the assets to track the equity and debt issued by sanctioned
companies. As part of our ongoing commitment to target regulatory compliance
challenges, we've combined our market leading compliance services with our
comprehensive reference data services to create a specific solution to address
the tracking of Russian sanctions."
Thomson Reuters also offers Russian Sanctions monitoring through its leading
World-Check suite of products. This service monitors over 400 sanction, watch,
and regulatory law and enforcement lists, as well as hundreds of thousands of
information sources, often identifying high-risk entities months or years before
they are listed. World-Check currently exceeds terrorist coverage on the four
leading sanctions (OFAC, EU, UN, UK HMT) by more than 70,000 records.
For more information about the Russian Sanctions Tracking Service or the
DataScope platform, please contact:
http://www.prdcommunity.com/index.php/solutions/valuation-services
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news
organization. Thomson Reuters shares are listed on the Toronto and New York
Stock Exchanges. For more information, go to http://thomsonreuters.com/
CONTACTS
Lemuel Brewster
Senior Public Relations Director, Financial & Risk
Office +1 646-223-5147
Mobile +1 917-805-1089
lemuel.brewster(at)thomsonreuters.com
Mark D. Harrop
Public Relations Manager, Financial & Risk
Office +1 646-223-7803
Mobile +1 347-803-5575
mark.harrop(at)thomsonreuters.com
Brian Mairs
Global Head of External Comms, F&R, VP Corporate Affairs
Office +44-20-7542-7866
Mobile +44-77-9947-7998
brian.mairs(at)thomsonreuters.com
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via GlobeNewswire
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Unternehmensinformation / Kurzprofil:
Datum: 18.05.2015 - 09:31 Uhr
Sprache: Deutsch
News-ID 393870
Anzahl Zeichen: 5656
contact information:
Town:
New York
Kategorie:
Business News
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